Simundia, a French start-up that provides video coaching solutions and e-learning modules to employees, has raised $10 million in a funding round led by AXA Venture Partners, Educapital, and FJLabs. The company offers coaching services on management, communication, and stress management, among others. These services are tailored to the needs of each client's HR department and have already attracted over 10,000 employees from more than 100 companies such as Sanofi, Hermès, Crédit Mutuel, Chanel, LVMH, and Valeo.
Simundia was founded in 2017 by Colombe Mandula, Grégoire Schiller, and Vincent Simon. The start-up aims to use the funds raised to recruit 80 new employees and expand its operations in Europe.
2CFinance, a financial transaction services provider, carried out the financial due diligence of Simundia. AXA Venture Partners is a venture capital firm that invests in technology and digital companies. Educapital is a European venture capital firm that invests in education technology companies. FJLabs is a seed-stage venture capital firm that invests in marketplaces, e-commerce, and sharing economy companies.
Simundia's success can be attributed to the rise of remote work, which has made online coaching and e-learning more relevant than ever. With the pandemic accelerating the shift towards remote work, companies are increasingly looking for ways to support their employees' professional development and well-being, and Simundia's solution fills that gap.
The $10 million funding round will help Simundia meet the growing demand for its services and expand its reach across Europe. The company's focus on tailoring its coaching services to the needs of each client's HR department has been a key factor in its success so far, and it will be interesting to see how the company continues to innovate in this space.